Renishaw shares jump 5% as profit outlook raised, CFO Allen Roberts to exit
Investing.com -- Renishaw (LON:RSW) shares rose over 5% on Thursday after the company forecast full-year 2025 profit at the top end of its guidance range, easing concerns over U.S. tariffs and highlighting faster delivery of previously announced cost savings, even as its longtime finance chief prepared to step down.
The precision engineering group said adjusted profit before tax is expected to be toward the upper end of the £109 million to £127 million range, compared with analyst consensus of £120.5 million.
Revenue is projected in the middle of the £700 million to £720 million range. “This would suggest little impact from US Tariffs (20% of revenue from US), and a favourable revenue mix / faster realisation of the £20m of labour cost savings announced with the CMD in June,” said analysts at Jefferies in a note.
Alongside the trading update, Renishaw said Group Finance Director Allen Roberts will leave his post after 46 years with the company.
Roberts, who has served as chief financial officer since 1980, will not seek re-election at the annual general meeting on Nov. 26 and will remain with the company until Dec. 31 to complete the handover.
Renishaw closed the prior trading day at 2,975p, giving the company a market capitalization of £2.2 billion. The shares have traded between 3,865p and 2,100p over the past year.
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